China and the US have reached a landmark agreement over TikTok, aiming to ease long-standing tensions surrounding the popular social media app.
The deal addresses the United States’ concerns over data privacy and national security while allowing TikTok to continue operating under stricter oversight.
Seen as a breakthrough in the ongoing tech standoff between the two major global powers, the agreement marks a significant step towards a solution. In this article, we have outlined the details of the China-US TikTok deal.
On September 19, President Donald Trump announced the deal during a White House press conference. “We were able to work out a deal with China, and it’s a very good deal for us,” he said to reporters at the Oval Office. He also added that China’s President Xi had “approved the deal” even as the Chinese government declined to comment on the same.
The White House secretary, Karoline Leavitt, shared more details about the agreement as reported by Fox News. She stated that 100 per cent of the deal is done, and it was just pending the signing of documents.
Details of the China-US TikTok Deal
Below are specific details of the deal as revealed by Press Secretary Karoline Leavitt.
- TikTok will be majority-owned by Americans in the United States, with 6 out of 7 board seats controlled by Americans.
- The Data and Privacy will also be led by America’s great tech company, Oracle.
- The algorithm will also be controlled by America.
Leavitt also mentioned that the deal was already agreed upon and she is anticipating the signing to be done in the next few days.
The Vice President of the US, JD Vance, led the negotiations. President Trump recognized TikTok’s contribution in his reelection, especially in relation to th late Charlie Kirk and his connection with young people on the platform.
The deal is meant to safeguard the interests of America while at the same time keeping it open to millions of businesspeople who sell on the app.
